Commercial Real Estate Direct Staff Report The CMBS trusts that hold a $424 million loan against the 487,000-square-foot office property at 401 South State St in Chicago are poised to take the property through foreclosure The foreclosure was first...
Commercial Real Estate Direct Staff Report JPMorgan Chase Commercial Mortgage Securities Corp, 2018-MINN, which held a $180 million mortgage against the 821-room Hilton Minneapolis hotel, has taken the property through foreclosure The foreclosure,...
Commercial Real Estate Direct Staff Report The $350 million senior securitized loan against the Gas Co Tower and nearby World Trade Center Garage, at 350 South Figueroa St, in Los Angeles, formally has transferred to special servicing The move had...
Commercial Real Estate Direct Staff Report The $300 million CMBS loan against the Bergen Town Center shopping mall in northern New Jersey has transferred to special servicer KeyBank because it’s expected to default at its maturity next month...
Commercial Real Estate Direct Staff Report The 176 million-square-foot office property at 1500 Market St in Center City, or downtown, Philadelphia, has been appraised at a value of $4012 million That’s down 21 percent from the $5094 million...
LNR Partners once again will be trying to sell the nonperforming CMBS loan against the historic Oheka Castle on Long Island's North Shore It tried selling it last fall, but didn't get bids that were high enough It's hired Mission Capital Advisors to...
Commercial Real Estate Direct Staff Report The CMBS trust that holds a $48 million loan against the King’s Shops retail center, with 69,023 square feet in Waikoloa Village on the Big Island of Hawaii, has taken the property through foreclosure...
Commercial Real Estate Direct Staff Report Wells Fargo Bank, Morgan Stanley and Bank of America have launched their latest BANK-branded CMBS transaction But this one, BANK5, 2023-5YR1, comes with a couple of twists For one, Citigroup is contributing...
Commercial Real Estate Direct Staff Report Downtown Chicago’s 135 South LaSalle St, a 131 million-square-foot office building, has had its appraised value slashed once again, to $90 million, 10 percent less than the $100 million that is owed...
Commercial Real Estate Direct Staff Report The $140 million CMBS loan against the MainPlace Mall in Santa Ana, Calif, which earlier this year was extended through June, has transferred to special servicing because it’s not expected to get...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
